Socket Mobile Inc. (SCKT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
40675 ENCYCLOPEDIA CIRCLE FREMONT, CA 94538-2475 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3571 - Electronic Computers (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,827 | 3,623 | 6,096 | 2,122 | 959 | 1,085 | |||
| Cash and cash equivalents | 2,827 | 3,623 | 6,096 | 2,122 | 959 | 1,085 | |||
| Inventory, net of allowances, customer advances and progress billings | 5,409 | 5,602 | 5,155 | 3,196 | 3,179 | 2,272 | |||
| Inventory | 5,409 | 5,602 | 5,155 | 3,196 | 3,179 | 2,272 | |||
| Prepaid expense | 241 | 333 | 202 | 166 | 151 | 123 | |||
| Advances on inventory purchases | 124 | 197 | 132 | 94 | 78 | 110 | |||
| Other undisclosed current assets | 2,098 | 3,013 | 2,797 | 2,358 | 3,155 | 2,607 | |||
| Total current assets: | 10,699 | 12,769 | 14,381 | 7,936 | 7,521 | 6,197 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3,088 | 3,560 | 211 | 609 | 937 | ✕ | |||
| Property, plant and equipment | 3,033 | 1,657 | 1,069 | 848 | 865 | 689 | |||
| Intangible assets, net (including goodwill) | 1,559 | 1,694 | 1,814 | 4,427 | 4,427 | ||||
| Goodwill | 4,427 | 4,427 | |||||||
| Intangible assets, net (excluding goodwill) | 1,559 | 1,694 | 1,814 | ||||||
| Deferred income tax assets | 10,112 | 8,668 | 7,960 | 5,507 | ✕ | ||||
| Other noncurrent assets | 250 | 250 | 140 | 159 | 203 | 237 | |||
| Other undisclosed noncurrent assets | 5,507 | 5,781 | |||||||
| Total noncurrent assets: | 18,043 | 15,829 | 11,194 | 7,123 | 11,938 | 11,134 | |||
| TOTAL ASSETS: | 28,741 | 28,598 | 25,575 | 15,058 | 19,458 | 17,331 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 580 | 743 | 693 | 376 | 566 | 512 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 693 | 376 | 566 | 512 | ||
| Accrued liabilities | 580 | 743 | |||||||
| Deferred revenue | 826 | 595 | 407 | 451 | 611 | ✕ | |||
| Debt | 150 | 125 | 500 | 170 | 2,173 | 1,817 | |||
| Due to related parties | ✕ | ✕ | 1,231 | 1,201 | 1,272 | ||||
| Other undisclosed current liabilities | 4,944 | 2,280 | 2,588 | 1,881 | 2,118 | 2,027 | |||
| Total current liabilities: | 6,500 | 4,972 | 5,389 | 4,149 | 5,468 | 4,356 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 125 | 258 | 715 | 8 | |||||
| Long-term debt, excluding current maturities | 125 | 333 | |||||||
| Other undisclosed long-term debt and lease obligation | (325) | ||||||||
| Liabilities, other than long-term debt | 2,822 | 3,304 | 14 | 29 | 41 | ||||
| Deferred revenue | 13 | 12 | 14 | 29 | 41 | ✕ | |||
| Operating lease, liability | 2,809 | 3,292 | 258 | 715 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 562 | ||||||||
| Total noncurrent liabilities: | 2,822 | 3,304 | 139 | 287 | 756 | 571 | |||
| Total liabilities: | 9,321 | 8,276 | 5,529 | 4,436 | 6,224 | 4,927 | |||
| Equity | |||||||||
| Equity, attributable to parent | 19,420 | 20,322 | 20,046 | 10,622 | 13,234 | 12,404 | |||
| Common stock | 7 | 7 | 7 | 6 | 6 | 6 | |||
| Treasury stock, value | (1,038) | (830) | |||||||
| Additional paid in capital | 68,383 | 67,158 | 66,140 | 61,734 | 61,067 | 60,524 | |||
| Accumulated deficit | (47,933) | (46,013) | (46,100) | (51,117) | (47,839) | (48,125) | |||
| Total equity: | 19,420 | 20,322 | 20,046 | 10,622 | 13,234 | 12,404 | |||
| TOTAL LIABILITIES AND EQUITY: | 28,741 | 28,598 | 25,575 | 15,058 | 19,458 | 17,331 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 17,034 | 21,238 | 23,199 | 15,700 | 19,253 | 16,454 | ||
| Cost of revenue | (8,571) | (10,871) | (10,763) | (7,365) | (9,152) | (7,998) | ||
| Gross profit: | 8,463 | 10,366 | 12,436 | 8,335 | 10,101 | 8,456 | ||
| Operating expenses | (11,584) | (10,812) | (9,739) | (12,685) | (9,494) | (9,042) | ||
| Operating income (loss): | (3,121) | (446) | 2,697 | (4,351) | 606 | (586) | ||
| Interest and debt expense | 242 | (175) | (199) | 1,059 | (101) | (129) | ||
| Income (loss) from continuing operations before income taxes: | (2,879) | (621) | 2,498 | (3,292) | 506 | (715) | ||
| Income tax expense (benefit) | (1,444) | (708) | (1,903) | 51 | 219 | (143) | ||
| Income (loss) from continuing operations: | (4,323) | (1,329) | 596 | (3,241) | 725 | (858) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 596 | (3,241) | 725 | (858) | |
| Net income (loss): | (4,323) | (1,329) | 596 | (3,241) | 725 | (858) | ||
| Other undisclosed net income (loss) attributable to parent | 2,404 | 1,416 | 3,871 | (37) | (438) | 287 | ||
| Net income (loss) attributable to parent: | (1,919) | 87 | 4,466 | (3,279) | 287 | (571) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | 9 | 381 | (188) | |||||
| Other undisclosed net income (loss) available to common stockholders, basic | (18) | (761) | ||||||
| Net income (loss) available to common stockholders, basic: | (1,919) | 78 | 4,086 | (3,467) | 287 | (571) | ||
| Interest on convertible debt | 176 | |||||||
| Other undisclosed net income (loss) available to common stockholders, diluted | 377 | |||||||
| Net income (loss) available to common stockholders, diluted: | (1,919) | 78 | 4,262 | (3,090) | 287 | (571) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (4,323) | (1,329) | 596 | (3,241) | 725 | (858) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (4,323) | (1,329) | 596 | (3,241) | 725 | (858) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.